TransAlta's Wind Farm Powering Quebec Homes with Green Energy
CALGARY, ALBERTA -- (Marketwire) -- 03/13/13 --
Editor's Note: Two photos for this release will be available on the
Canadian Press picture wire via Marketwire.
TransAlta Corporation (TSX:TA) (NYSE:TAC) announces completion of our
New Richmond Wind Facility located in the wind-rich Gaspesie area of
Quebec. New Richmond was officially commissioned early this morning,
when TransAlta's turbines were energized to the Hydro-Quebec grid.
New Richmond's commissioning adds 68 megawatts (MW) of renewable
energy to the province's supply; enough to meet the needs of
approximately 11,000 Quebec homes every year. All of the power
generated is under a 20-year contract with Hydro-Quebec Distribution
and supports local utility needs; ensuring citizens have access to
reliable renewable electricity.
"The New Richmond wind farm was commissioned today and now provides
additional renewable energy to our customer, Hydro-Quebec," said Dawn
Farrell, TransAlta's president and chief executive officer. "We are
grateful for the vision, cooperation and partnership of the local
communities, contractors, officials, suppliers including our turbine
supplier Enercon, and our customer for their contributions to this
During development and construction the New Richmond project
generated over 250 jobs. Ongoing it will provide additional long-term
local employment and economic benefits created through land leases,
agreements made with the three municipalities involved and
TransAlta's contributions to the communities.
"Adding New Richmond to our company means we now supply 167MW of wind
in the Quebec market, and over 1,220MW of wind power to customers in
Quebec, New Brunswick, Ontario and Alberta," said Mrs. Farrell.
"Renewable energy assets, wind, geothermal and hydro, now make up
almost 25% of our portfolio; a significant achievement for the
company over the past decade."
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Alta is a power generation and wholesale marketing company
focused on creating long-term shareholder value. TransAlta maintains
a low-to-moderate risk profile by operating a highly contracted
portfolio of assets in Canada, the United States and Australia.
TransAlta's focus is to efficiently operate geothermal, wind, hydro,
natural gas and coal facilities in order to provide customers with a
reliable, low-cost source of power. For over 100 years, TransAlta has
been a responsible operator and a proud contributor to the
communities in which it works and lives. TransAlta has been selected
by Jantzi-Sustainalytics as one of Canada's Top 50 Socially
Responsible Companies since 2009 and is recognized globally for its
leadership on sustainability and corporate responsibility standards
by FTSE4Good. TransAlta is Canada's largest investor-owned renewable
This news release may contain forward looking statements, including
statements regarding the business and anticipated financial
performance of TransAlta Corporation. These statements are based on
TransAlta Corporation's belief and assumptions based on information
available at the time the assumption was made. These statements are
subject to a number of risks and uncertainties that may cause actual
results to differ materially from those contemplated by the
forward-looking statements. Some of the factors that could cause such
differences include legislative or regulatory developments and
general economic conditions in geographic areas where TransAlta
TransAlta Corporation - Media inquiries:
Senior Corporate Relations Advisor
Toll-free media number: 1-855-255-9184
TransAlta Corporation - Investor inquiries:
Director, Corporate Finance and Investor Relations
Toll Free: 1-800-387-3598
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